10930 New Cut RdTobinsportIN47520
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Tobinsport at 10930 New Cut Rd, Tobinsport, IN, 47520 offers a 8.25% rental yield on a $179,000 purchase with $1,231/mo rent. Total monthly income registers $1,231/mo, and a $876/mo payment leaves $157/mo available for distribution. Annual cash flow reaches $1,879/yr on $59,339 to close, and return on cash invested stands at 23.08% in year one. Equity gained on principal adds $1,155/yr while 5% annual appreciation supports $49,454 over five years. Portfolio math shows five-year ROI at 119.62% and total cumulative return in cash at $70,983. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,231/mo property income against a $876/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1995
8.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47520, Cannelton, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,558 (100%) |
| Owner Occupied HU | 934 (59.9%) |
| Renter Occupied HU | 387 (24.8%) |
| Vacant Housing Units | 237 (15.2%) |
| Median Home Value | $218,750 |
| Average Home Value | $251,004 |
Housing Distribution
Address Breakdown
Residential
1,481
Single Family
1,319
Multi-Family
162
Businesses
65
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Listed by: Patricia Seibert • Indiana Realty Group
Mls Name: My State MLS
Mls ID: #11596814